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20130801
20130831
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is known to frequent a restaurant or two across america. and when he does, business more than doubles for those eateries. he's adam richman, the star of "fandemonium" and many know him as the host and combatant of "man versus food." adam joins the ranking of the reality roster making differences in the small business community across america. good to see you, adam. thank you for joining us. >> thank you, maria. >> you've changed the course of many restaurants across america. what's the biggest challenge facing restaurants today? >> you know, i think that a lot of the restaurant market is just glutted. there's so very many restaurants, so many restaurant concepts, everyone is trying to, you know, be part of the next trend and the next phase. and it really seems to be that the ones that succeed are the ones that don't really go with the trend. they sort of do a few things really well, and they do those for perpetuity. i also think that, you know, now we have people ordering in more, applications like seamless is making that even more easy. so people aren't frequenting brick-and-mortar r
. heather hughs back with us from sun america funds. rebecca paterson. leo kelly. and our own rick santelli. leo kelly, earlier as we were closing, i reported that sources saying that there is another massive multibillion dollar etf going on on the street today. they are selling treasuries to buy mid cap etf equities. that's one of the reasons we saw the move-in rates. what's your take of selling treasuries to buy mid cap equities? >> if you're a long term investor and long-term player, treasuries are a difficult play. the interest rates are going to go higher. if you look at the fed, they are still in crisis mode. it still amazes me. we have 0% interest rates and we are still buying billions of dollars of asset backed mortgages like we're still in crisis when in fact the economy is recovering. it is not recovering fast but it is recovering. so i think bonds long-term -- >> are you recommending treasuries or equities? >> no. we are not recommending treasuries. we are still bearish on long-term treasury possess. we like equities in long-term but you have to just stay disciplined here and not
to be buying. the president of the americas jerry smith joins us exclusively. good to have you on the program. >> thank you. >> thank you for joining us. a good story you are selling more tablets and devices than pcs, right? >> we are proud of that. in the quarter, we had an outstanding quarter. it's a reflection of our strategy, we are now teleselling more phones than tablets. that's a part of our pc plus. we believe we are a device company now. >> i want to ask you about. that all the speculation out there is what is going to happen with blackberry. are you in a position to acquire blackberry in. >> i can't comment on possible acquisitions. i will say right now organically we grew our smartphone business successfully. we will look at potential value and if it fits from a strategy perspective as well. >> so let's look at the difference here him i have a black brry in my hand. can these two merge and be a better device? what do you think, jerry? >> we will keep looking at all opportunities. >> why wouldn't you buy blackberry in they're so popular? what would stop you, seriously in. >> i think
want to have more exposure to north america than we've had in a long time. so that's what we're going to do for quite a while. >> you called yesterday, what, the oversold story of the day. >> you came in -- you came in a little oversold with the market. you got the cursory bounce today. you know what i find interesting is that it's so logical that august and september should have all of the excuses to be weak because of all of the things we're talking about. political stuff, policy stuff, fed stuff, anticipation of a new fed chairman, that actually sentiment's cooled off quite a bit. you've had a few times this year when the market goes down 3%, 4%, people get nervous. that's a constructive thing. i'm not saying the period is over. it seems to me that nothing as much has really disrupted the uptrend just yet. >> and i would also say -- >> maria, i don't think you can underestimate the importance of this change in the trend of interest rates, this 100-basis point increase in mortgage costs so far this year has really changed the ability to buy, the ability to purchase in the housing ma
-mart manufacturing summit. we will talk about manufacturing when we talk with the ceo of wal-mart m america. let's check in with dominik chu on what happened today. when will we hear from the nasdaq. dom, walk us through what happened today. >> let's get up to speed on the latest update around 3:41 eastern time. nasdaq said all operations were back to normal. we head into the "closing bell" with things at least relatively stable. at least that's the initial impression. earlier today, let's get you up to speed on what happened. as early as 12 or even before noon today we started to hear stories of trading anomalies around 12:20 they started to shut done stocks for trading p. this is taped c securities, one thing you might read about in the papers, going forward into tomorrow. nasdaq listed security here in the u.s. there was a problem with the pricing engine. they weren't able to get good date why out on prices so it affected the entire market. none of those nasdaq listed securities could trade. later on in the afternoon, we heard the nasdaq was going to try to restart things. this time they are
is russia needs america more than america needs russia. it's important to have good relations, but just as american leaders talk to counterparts in china, even though the chinese are actual spying on the americans and doing all kinds of other thing, the whole point about diplomacy is having tough conversations and that's what, at the moment, unfortunately, obama is not having. >> all right. thank you so much. we appreciate your time. we'll be watching the developments here. >>> we'll take a short break and then look at the we appreciate your time. we'll be watching the kechblths here. we'll take a short break and look at the markets for tomorrow. will the dow snap. market action back in a moment. . and at the center of it all is a surprisingly low price -- just $7.95. in fact, fidelity gives you lower trade commissions than schwab, td ameritrade, and etrade. i'm monica santiago of fidelity investments, and low fees and commissions are another reason serious investors are choosing fidelity. now get 200 free trades when you open an account. >>> lots of economic data to dye adjust tomorrow
, jpmorgan, even bank of america. i think they're in that unique sweet spot where if the economy really gets hot, the stocks will do well. they always do. if we keep chugging along like this, i think the stocks can do well, because they're getting more and more efficient. they're focused on that. the risk is, do we have another collapse in the economy? i don't see that coming. so i would definitely stay with the money center banks, the large caps. as you move into some of the regionals and smallers, you know, they've had 50% runs over the last 18 month, really had an amazing run. i think it's less attractive there. i'll still constructive on the space. you know, second half of last year, i'd say sandler o'neil was bullish on banks and financials. right now, we're still bullish, but not maybe jumping up and down as much as we were. >> what about you, anton? you go to the big guys or the regions? >> i like the bar bell approach. i agree completely with jeff on the big guys. the small guys, i'm a stock picker, so looking for activity. looking for deals that add value. looking for smart companie
. coming up, the former head of investment banking at lehman brothers, skip mcgee, now ceo for the americas barclays. we'll have his reaction to the federal reserve. >>> plus, ken is my special guest co-host for the hour. we'll talk housing, regulation, and what he thinks of today's activist investors. you're watching the "closing bell" on cnbc, first in business worldwide. 20 years with the company. thousands of presentations. and one hard earned partnership. it took a lot of work to get this far. so now i'm supposed to take a back seat when it comes to my investments? there's zero chance of that happening. avo: when you work with a schwab financial consultant, you'll get the guidance you need with the control you want. talk to us today. and then another. and another. and if you do it. and your friends do it. and their friends do it... soon we'll be walking our way to awareness, support and an end to alzheimer's disease. and that? that would be big. grab your friends and family and start a team today. register at alz.org >>> welcome back. a tough market day today, down 105. my special gues
on that is that every athlete should get paid the same thing, maybe $200 a week. every school in america, $200 a week allowance, plus the free food, plus the free books. and then they are getting paid, and then we can eliminate the conversation of whether athletes should get paid. everybody, across the board, gets $200 a week, $800 a month. that's it. >> i mean, you know, part of the issue was this ed o'bannon suit where they felt like they were being taken advantage of by the companies putting their images on videogames and things, and they weren't being compensated for that. are college athletes being taken advantage of in what has become a huge business, and that would be college athletics? >> well, i mean, i wouldn't say they're being taken advantage of. it's a whole -- it's a whole athletics-economics thing we could always go through, we could always debate. you know, we bring in money. the fans pay money. you know, it's the whole thing that, you know, we could talk about for a long period of time. to eliminate the conversation about whether college athletes should get paid, every athlete in col
. that's what this trade association banker association of america is trying do. we in the press are trying to get the word out. balance, balance, balance, don't over correct at this critical time where we need housing coming back strong. >> gentlemen, thank you very much. >> thank you. >>> president of nintendo joins us today. do you want to know who isn't a fan of what he does? colorado rockies first base coach. >> you play video games >> yeah. >> that's what the rest do, you come home from school you do your homework. >> that was so cute. >> we'll get reaction from nintendo's president and ask him what's behind a big price cut they announced. >>> up next, apple pay roll out a cheaper iphone at its highly-anticipated event next month. a smart move or a misstep. that sound bite was so cute at the baseball game. okay, keep it right here. i've been doing a few things for a while that i really love-- tdd#: 1-800-345-2550 playing this and trading. tdd#: 1-800-345-2550 and the better i am at them, the more i enjoy them. tdd#: 1-800-345-2550 so i'm always looking to take them up a not
that top analyst forecasts help aid long by better sales? north america. a nice stock entering today done about 20% from its highs earlier this month. as for those in the red, big oil taking a beating. exxon, mobile and chevron down more than 1%. so bill, big movers here for big names at least. back over to you. >> bank of canada though, was up. about 1% today. royal bank of canada. rbc with record earnings for the quarter. so now we ask, what's next for the bank? >> with cnbc exclusive interview, gordon nixon. ceo of rbc. >> nice to be back with you both. >> one thing that's clear from your earnings, is that rbc is making hay while the sun is shining. i whether i remember target earnings report, weakness in canada et cetera, do you see storm clouds gathering on the horizon for the canadian economy? >> we don't. by and large, you know, business continues to be very strong. record results in canadian banking. record results in wealth management and strong results across all of our other businesses with a strong 20% return on equities. so it feels pretty good. i think the outlook for the ba
industry association. chip sales soaring in june up more than 10% in the americas, and if you look globally, sales showing their best quarter-over-quarter increase over the past three years. >> yeah, brian toohey heads the semiconductor conduct association, and he joins us now exclusi exclusively. brian, great to have you with us. >> thank you so much. appreciate being here. >> a lot of people are looking at this and asking whether this is smartphones, or is that what's driving the surge we've seen in chip sales year on year? >> a lot of things are driving the surge, especially -- and we've had a very good quarter. up globally 6%. 8% in the americas this quarter. it's the best quarter, as you said, in three years. what's been driving this immediately has been memory sales, sales in the memory sector, which actually point to growth in a wide range of consumer end product. but we see growth among a number of our segments. >> so can you elaborate -- i'm sorry, scott. can you elaborate quickly? is this actually a mobile-driven phenomenon? what is it that's behind this increase, then, if you cou
, reported about the doj suing bank of america for defrauding investors in connection with the sale of $850 million in residential. so one trader's e-mailing me going, going after bank of america for 2008 helps get private capital? how do you figure? >> well, you know, obviously, i can't comment on enforcement mechanisms. but what i would say is that obviously we've had -- we had a significant settlement that we thought helps provide clarity, brought relief to tens of thousands of homebuyers. obviously, enforcement for, you know, things that have happened is a piece of what's out there. i think you're also seeing a message from the president today that he wants more clarity, that he thinks there's been an overreaction, that there is too much -- too tight credit for many creditworthy homeowners. we recognize that having regulatory simplification is important to that. we recognize that many companies legitimately think there's too much putback risk. so i think we're sending a pretty strong signal that we want there to be a simpler and safer system for the lenders as well, so that we can get m
. obviously, some are, some are not. we're the united states of america and we have a great ideals and we certainly don't support the war crimes, where you gas men, women and children, your own population. assad has done this. it's clear that it was the assad regime who did this. and it's just a matter of do you want to turn your head and look the other way and pretend it didn't happen or -- >> no question, but what do you make about the silence around the rest of the globe? >> i think there's silence in some quarters and not silence in other quarters. i think if the president decides he's going to strike, there will be a number of countries which will be supporting us and will be visibly supporting us. there are some people who feel everything is acceptable and it doesn't matter how barbaric a leader acts against his people. i disagree. >> what do you think is the worst case scenario here? >> well, i think there are lots of bad choices in syria. i don't think there's one good choice in syria, but i think of all the bad choices, the worst choice would be to do nothing because then it woul
businesses across america. we're talking with the stars of those wildly popular business shows on what it takes to mic the big bucks in the business. >> and, of course, in the pawn store industry, you see a range of products crossing. who better to talk to than rick harrison, the star of pawn stars. you see a lot of indicators, what's the story with the consumer, what indicators do you see what to look for in the economy? >> everything is getting a little bit better. most people i talk to are still unsure just due to the fact that with obamacare and the regulations, everything like that, they don't know what's going to happen, people are holding back. vegas is doing better. it's scary how much better in some areas. >> you guys do better when the economy's not doing well, right? is business dropping off for you as the economy gets better? >> that is a real misnomer. it's a bizarre business. when the economy is really bad, we get more merchandise. we have to sell that, there's not as many buyers. and the opposite is true when the economy is good. we don't get as much merchandise to sell.
to be focused on the final stretch of earnings season. a couple of small caps are america's car mart and gina marie. we'll look at home depot which will be a good proxy for consumer spending trends as well as housing recovery. we'll emphasize looking for companies that are looking to outgrow their environments in a difficult market. >> anthony you're up next. what are you keeping your eye on for tomorrow. >> u.s. gold futures markets which has occurred or nearly occurred for a record six weeks and is an indicator of strong physical gold demand as well as home depot numbers. if it's below the estimate of $21 billion the market will keep interest rates low. given that prices perform best when interest rates are negative, any sign of -- >> good point. david you're up next. 30 seconds on the clock. >> we got a lot of retail earnings coming out this week. after walmart and macy's missed last week i'm going to look at the directions naer names. 35 percent of people 18 to 31 lives at home with their parents i want to see how these names do. are the names in trouble, it seems that a consumer, especia
is destroying the starnt of living of middle class america, destroying their wages and yes, prices go up. look at oil companies. i know a lot of oil stocks and oil companies aren't making a lot of money. look at oil stock s going up. $100 a barrel is not high enough for the oil company toes economically replace depleting reserves. oil prices are much too cheap. inflation driving up the cost of exploring for oil. oil needs to be $150 to $200 a barrel for the oil companies to make decent profits. >> just saying, why is it, if you're saying oil is going to $200, do the four contract reflect an oil price lower than where we are said to? >> the consensus is wrong. wrong about a lot of things. the consensus is wrong about gold. about the bond market. remember what people thought about internet stocks in 1999? or about real estate in 2007? whmp you have a consensus, it's generally wrong. so i'm not looking at what most people think is going to happen to the price of oil. i'm looking at what i believe is going to happen to the price of oil and i think i'm a better barometer than just the consensus opi
Search Results 0 to 16 of about 17